Davis Polk

Consumer Products

We advise clients across the entire spectrum of the consumer products industry, including the retail, apparel, food and beverage, consumer electronics, wine and spirits, and luxury sectors. We advise these clients on a diverse range of corporate, transactional and litigation matters.

Our clients include many of the world’s most recognizable and respected brands such as:

Carrefour

ConAgra

Dufry

L Brands

LVMH

Maidenform

Prada

Tesco

Tyson Foods

VF

We have advised on some of the industry's most high-profile transactions. View our recent experience in:

CAPITAL MARKETS

EQUITY OFFERINGS

Michael Kors Holdings ($3.8 billion). We advised the joint bookrunners on a $1.1 billion IPO of ordinary shares of Michael Kors Holdings, a global luxury lifestyle brand. We also advised the underwriters on a $1.2 billion and a $1.175 billion SEC-registered offerings of ordinary shares of Michael Kors Holdings.

Prada ($2.5 billion). We advised Prada, one of the world’s most prestigious fashion and luxury goods groups, on its Rule 144A/Regulation S IPO and Hong Kong Stock Exchange listing of ordinary shares. This was the largest Hong Kong IPO in 2011.

Arcos Dorados Holdings ($2.4 billion). We advised Arcos Dorados Holdings, the world’s largest McDonald’s franchisee and the largest quick service restaurant chain in Latin America and the Caribbean, on its $1.4 billion SEC-registered IPO of Class A shares. This was the largest IPO by a Latin American issuer in 2011. We also advised Acros Dorados on a $1 billion follow-on offering of common stock.

PANDORA ($2 billion). We advised PANDORA, a Danish designer, manufacturer, marketer and distributor of hand-finished and modern jewelry, on its Rule 144A/Regulation S IPO of common stock. This is the largest Danish IPO since 1994 and the second-largest IPO in Western Europe this year.

Coty ($1 billion). We advised the joint bookrunners on the IPO of common stock of Coty, a global, pure play beauty company with a portfolio of well-known fragrances, color cosmetics and skin & body care products.

DEBT

CVS Caremark ($2.75 billion). We advised CVS Caremark, together with its subsidiaries, the largest pharmacy healthcare provider in the United States, on a $1.5 billion and a $1.25 billion SEC-registered offerings of senior notes.

H. J. Heinz ($1.6 billion). We advised the underwriters on $300 million SEC-registered offering of notes of H. J. Heinz, a global manufacturer and marketer of an extensive line of food products. We also advised H.J. Heinz on multiple offerings of senior notes in the aggregate of $1.3 billion.

L Brands (formerly known as Limited Brands and The Limited) ($1.5 billion). We advised L Brands, an international specialty retailer, on two separate $1 billion SEC-registered offerings of high-yield notes. We also advised L Brands on a previous $500 million Rule 144A/Regulation S offering of high-yield senior notes.

Spectrum Brands ($1.25 billion). We advised the initial purchasers on a $300 million and previous $750 million and $200 million Rule144A/Regulation S offerings of high-yield senior secured notes by Spectrum Brands, a global branded consumer products company, following its emergence from bankruptcy.

Best Buy ($1 billion). We advised the lead managers on a SEC-registered offering of notes by Best Buy, a multinational retailer of consumer electronics, home office products, entertainment software, appliances and related services.

Nike ($1 billion). We advised the underwriters on a SEC-registered offering of notes by NIKE, a designer, marketer and distributor of athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities.

Tesco ($1 billion). We advised the joint bookrunners on a $1 billion Rule 144A/Regulation S offering of senior notes by Tesco, United Kingdom’s largest food retailer.